The slope of indifference curve at any point reflects: A) Income level B) Prices C) Utility, level D) Marginal rate of substitution
The pay-off matrix show: A) Possible outcomes B) Possible benefits C) Possible losses D) none of them
In non collusive oligopoly firms enter into : A) Secret agreements B) No secret agreement C) Competition D) No Competition
In case of Monopoly when total revenue is maximum A) Mr. Positive B) Mr. rises C) Mr falls D) Mr. zero
The Production possibility curve is concerned with A) Opportunity cost B) Resources of the Economy C) General Equilibrium D) None of them
The Theory of Surplus value is associated with A) Communism B) Guild Socialism C) Socialism D) Fabian Socialism
Gross domestic production differs from net domestic product by the amount of: A) Govt. Income from property B) Net Indirect taxes C) Consumption of fixed capita D) Net capital formation